Rising demand for on-premise SMS firewalls, and increasing regulations by governments of various countries to protect user rights and data from theft are some key factors driving market revenue growth
Market Size – USD 2.24 Billion in 2021, Market Growth – at a CAGR of 10.5%, Market Trend – Increasing demand for SMS firewalls for optimizing user experience and protecting user data
The global SMS firewall market size was USD 2.24 Billion in 2021 and is expected to register a revenue CAGR of 10.5% during the forecast period, according to latest report by Reports and Data. Rising demand for on-premise SMS firewalls and increasing regulations by governments of various countries to protect user rights and data from theft are the key factors expected to drive market revenue growth during the forecast period. Increasing demand for SMS firewalls to improve and optimize network user experience and protect their data is expected to drive revenue growth of the market between 2022 and 2030.
The on-premise mode of deployment for SMS firewalls is being widely used in several sectors, to obtain greater control over the security of network SMS traffic. Additionally, on-premise SMS firewalls are more robust due to the on-site presence of hardware, software, and applications. These factors are expected to increase adoption of SMS firewalls and drive revenue growth of the market. However, maintaining dynamic SMS traffic can be a challenging task, and moreover, cases of international cyberattacks are increasing with the advent of technology, which are some major factors that could hamper revenue growth of the market. Additionally, the on-premise firewall mode has limited scale-up opportunities, which could also hamper market revenue growth over the forecast period.
Companies profiled in the global market report include Comviva, Mobileum Inc., Belgacom ICS (BICS), AMD Telecom S.A., Tata Communications, Infobip Ltd., Proofpoint, Inc., Tango Telecom Ltd, Cellusys, and Syniverse Technologies LLC.
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Some Key Highlights in the Report
For the purpose of this report, Reports and Data has segmented the global SMS firewall market based on SMS type, deployment modes, end-use, and region:
SMS Type Outlook (Revenue, USD Billion; 2019-2030)
Deployment Modes Outlook (Revenue, USD Billion; 2019-2030)
End-use Outlook (Revenue, USD Billion; 2019-2030)
Regional Outlook (Revenue, USD Billion; 2019-2030)
Key Advantages of SMS Firewall Report:
Conclusively, all aspects of the SMS Firewall market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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